Altria (MO) Wins FDA Approval for on! PLUS, Expands in Oral Nicotine Market
Altria Group (MO) has received FDA approval for six on! PLUS nicotine pouch products, made by Helix Innovations. This approval, part of a pilot program for lower-risk nicotine products, includes mint, wintergreen, and tobacco flavors in 6 mg and 9 mg strengths. Altria plans to start sales in Florida, Texas, and North Carolina, and resume online sales. Despite this development, MO shares slightly dropped, closing at $58.07.